New Zealand proposal paves way for tiered ITMO quality in new global carbon market

Published 10:53 on September 29, 2016  /  Last updated at 21:29 on September 29, 2016  /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, International, New Market Mechanisms, New Zealand, Other APAC, South & Central  /  No Comments

There should be minimum reporting requirements for nations generating carbon credits under the Paris Agreement, but countries should also be allowed to apply higher standards, New Zealand has proposed, a move that would likely fragment the global CO2 market.

There should be minimum reporting requirements for nations generating carbon credits under the Paris Agreement, but countries should also be allowed to apply higher standards, New Zealand has proposed, a move that would likely fragment the global CO2 market.

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